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The Institute for Energy Security (IES) has projected that the price of fuel would increase marginally in the first pricing window of January, 2021. Institute for Energy Security stated that its projection was based on the prices of…
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A tanker explosion has occurred on both lanes around Toyota bus-stop inwards mile 2, along Oshodi/Apapa expressway. As at the time of filing this report, emergency response teams were already on ground. The Nation gathered…
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Oil traders appear increasingly confident that major producers will reach an agreement to cap output thanks to comments from Russia’s energy minister on Monday, but Saudi Arabia still holds the cards that will determine how far the rally…
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A monthly report from the Organization of the Petroleum Exporting Countries released Tuesday raised further doubts whether major crude producers will continue their efforts to rebalance the oil market. U.S. crude production is on the…
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A gas pipeline on Wednesday, exploded in Oduoha community, Emohua Local Government Area of Rivers State, creating heavy impact on the environment and causing residents to desert the community for safety. The cause of the explosion is…
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*Kingdom to curb 1 million b/d of supply in February, March*Crude surged to 10-month high above $50 a barrel in New York Saudi Arabia surprised the market with a large cut in crude production, a bold assertion of primacy over the global…
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The National Oil Spills Detection and Response Agency (NOSDRA) and Environmentalists have expressed concern over the environmental impact of Conoil Producing Limited’s operations in Bayelsa. The concern were raised over the firm’s…
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The Lagos Chamber of Commerce and Industry (LCCI) has expressed fear that some provisions of the new Petroleum Industry Bill (PIB) could adversely affect growth of the industry and economy. Emphasising its support for government’s…
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The price of petrol is set to increase by between 40 and 43 cents a litre in South Africa this week. In a statement on Monday, the Department of Mineral Resources and Energy (DMRE) said the price of 93 (ULP and LRP) will go up by 43…
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Members of the Organisation of the Petroleum Exporting Countries (OPEC) and allied producers under OPEC+, yesterday, agreed to cap crude production at current levels in February. The decision was taken at the Joint Ministerial Monitoring…
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